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On January 1, 2020, Marigold Company purchased 10% bonds having a maturity value of $340,000, for $367,149.34. The bonds provide the bondholders with a 8%
On January 1, 2020, Marigold Company purchased 10\% bonds having a maturity value of $340,000, for $367,149.34. The bonds provide the bondholders with a 8% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Marigold Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classifted in the held-to-maturity category. Prepare a bond amortization schedule. (Round answers to 2 declmal places, eg. 2,525.25.)
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